Loan amount
$100,000
Loan type
As-Is Property Value
$269,000
LTV
38% {LTV}
Property type
Mixed use
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
New York
Loan Details
Additional Loan Information
Commercial zoning; previously a bar/retaurant/carlot with apartment. My daughter owns the property and is selling to me for $100K. 6800 sqft, 5 bathrooms. I currently live there. This property was appraised in 2002 before completion for $235K. Property located in Sherman, NY 14781. Purchase price $100K. Renovation budget $15K; self-funded. Work will take 3 months. ARV $249K. Will continue to live there during the renovation until the property can be sold.
Status
Created
April 2, 2020 - 10:43am

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